Commercial properties prefer long-term leases of multiple years.

Also, keep in mind, when it comes to commercial, some (depending on the asset type) are sold as NNN leases which require very little maintenance and property management, but offer lower returns.

only allow to re-sign lease or move out?

For example, saying that you know this tenant is going to move into this property provided we put $2,000 of repairs into it and they’re going to pay $900 a month on a 12-month lease and they're going to pay their own water and sewer.

@Jeanni Prescan and @Alex DeaconHere's the relevant language in the statute:(f) The notice provided for in this section may be served personally on the tenant, or by leaving the same at the principal building upon the premises, or by posting the same conspicuously on the leased premises.So certified mail doesn't work under the statute.

The lease isn't up until May 2019. 

Plus, you'll learn a lot more by going through the renovation and leasing process. 

Is this still considered a wholesale deal and could that situation be handle to make it a wholesale, or, would this be disqualified as a wholesale and qualify as, say, a lease option?

I decided to lease it instead and ended up hitting a home run with a 3 year lease.

Ideally it would be a live-in flip since I am currently renting for another 10 months and I can do most of the work myself...I am analyzing deals so when the time comes I can have something lined up to move into when my lease ends.